Azerbaijani Oil Price Declines

2025-07-22 02:07:34

(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 22. The price of Azerbaijan's Azeri Light crude oil on a CIF basis at Italy's Augusta port fell by $0.95, or 1.32 percent, to $71.23 per barrel on July 21, a source in the oil market told Trend.

At Türkiye's Ceyhan port, the price of Azeri Light on an FOB basis dropped by $0.99, or 1.4 percent, to $69.88 per barrel.

Meanwhile, the price of URALS crude decreased by $0.91, or 1.56 percent, to $57.57 per barrel.

Brent Dated crude, produced in the North Sea, also saw a decrease of $0.75, or 1.05 percent, bringing the price down to $70.53 per barrel.

Azerbaijan's state budget for 2025 is based on an average oil price of $70 per barrel.

MENAFN22072025000187011040ID1109829897

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.